FirstCash Q3 adj profit beats on strong pawn demand

Firstcash Holdings (Texas)

Today 11:12

Overview
Pawn store operator's Q3 revenue rose 18% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company raised quarterly dividend by 10% to $0.46 per share

Outlook
FirstCash expects double-digit revenue growth and margin expansion from pawn operations in Q4 2026
Company expects US pawn receivables and fees to grow low-double-digits in Q4 2026
Retail POS Payment Solutions net revenue expected to fall 15%-20% in Q4 2026

Result Drivers
STRONG PAWN DEMAND - Co said record pawn receivables and double-digit growth in pawn fees across all segments drove results
MERCHANDISE SALES - Co said robust merchandise sales, strong margins and inventory turnover contributed to Q3 performance
STORE EXPANSION - Co added 14 pawn stores in Q3, supporting growth in revenue and earnings

Company press release: ID:nGNXzq709

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.10 bln
$1.07 bln (4 Analysts)
Q3 Adjusted EPS
Beat
$2.68
$2.63 (4 Analysts)
Q3 EPS
 
$2.33
 
Q3 Adjusted Net Income
Beat
$116.18 mln
$112.43 mln (4 Analysts)
Q3 Net Income
 
$101.15 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)